No. of Recommendations: 2
I doubt I'll have a sharp decrease in spending as I am way out of the "normal" range. I suspect some of the drop the article's retirees experience is out of necessity and/or out of living a very conspicuous consumption lifestyle while working. I already watch my spending and doubt that it would decrease much upon retirement. In fact, I suspect it would actually increase since I have a lot of interests that I currently lack the time to pursue.

The biggest problem (nice problem to have I suspect) is that most articles and information available is for the layman. Most of us in the self-selected "FIRE world" are a different breed and thus different rules apply.

Yes that is true for us FIRE folks who are saving a great deal of their income pre-FIRE. If I'm not living on 70-80% of my income now, why on earth would I need to after I retire?

I just think that it is funny: the financial advisor shows folks living it up after retirement--but the reality is most folks downscale.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.